Exports represent about half of the value of what Canadian farmers and food processors produce. Budget 2017 commits the Government to ambitious agri-food export growth over the coming decade, while pursuing trade agreements with key global markets to help farmers grow their businesses and create good, well-paying jobs for Canadians.
With yesterday’s provisional application of the Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU), Canadian exporters now enjoy unprecedented duty-free access to the world’s largest import market for agriculture and agri-food.
Canadian industry estimates CETA will boost agriculture and agri-food exports by up to $1.5 billion annually. This historic Agreement will give the sector a competitive advantage in the EU and help Canada move towards meeting its target to grow agri-food exports to at least $75 billion annually by 2025.
Source: AAFC